Norway's Halvorsen Group AS, specializing in providing topside processing equipment and engineering services to the international offshore oil & gas industry, is planning further expansion following a substantial strategic investment from Blue Water Energy.
Blue Water Energy’s investment will accelerate the incumbent management team’s strategic growth plan to build Halvorsen into a market-leading, global player in the offshore processing equipment and power system markets.
Halvorsen CEO, Sigve Skimmeland, says Blue Water Energy’s investment is a strong recognition of the position Halvorsen has established with its bespoke technology offering in its core markets in recent years, commenting:
”Establishing a true partnership with Blue Water Energy creates an unique platform for Halvorsen to achieve the ambition of becoming a complete supplier to the global process and topside market. The Blue Water Energy team brings an impressive and highly relevant experience base to Halvorsen and I very much look forward working together to achieve our future plans”.
Tom Sikorski, Partner of Blue Water Energy, commented, “This transaction is consistent with Blue Water Energy’s objective of providing growth investment alongside high-quality European-domiciled energy businesses. Sigve and his management team have built an impressive organization which has grown substantially from its Norwegian roots. We look forward to a fruitful partnership with Halvorsen under Sigve’s guidance.”
Halvorsen Group employs about 300 people; main office in Stavanger, othes in Oslo, Kvinesdal, and Houston.
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